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    Home»Analytics»About 80% of OpenSea’s revenue came from just 5% of users – Chainalysis
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    About 80% of OpenSea’s revenue came from just 5% of users – Chainalysis

    AdministratorBy Administrator10.12.2021No Comments2 Mins Read
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    Analysts at Chainalysis found that about 80% of the profits from sales of non-fungible tokens on OpenSea come from only 5% of users.

    Nearly 80% of sales on a non-fungible token (NFT) marketplace called OpenSea come from just 5% of users. This is the conclusion reached by analysts of the blockchain company Chainalysis.

    Experts point out that the best of the 5% pay 2.2 ETH (~ $ 9000) on average for NFT tokens, which they later resell. This figure is more than twice the average purchase price for the marketplace.

    However, the purchase capital alone is not enough for successful NFT trades, according to Chainalysis. High purchase prices do often correlate with the success of an NFT, but this strategy is disastrous if the merchant holds tokens from less than 10 unique NFT collections.

    About 80 of OpenSeas revenue came from just 5 of

    Source: chainalysis.com

    According to Chainalysis, the most successful group of NFT traders are those who, on average, bought about 28 unique collections tokens. Diversification of investments pays off best of all, since profits are evenly distributed over the number of transactions, noted in Chainalysis.

    Chainalysis also calculated the source of funds for the most successful NFT traders on OpenSea. As you can see in the chart below, the most (34.1%) capital comes from decentralized exchanges. In second place (24.3%) were other smart contracts.

    1639138377 661 About 80 of OpenSeas revenue came from just 5 of

    Source: chainalysis.com

    The top three in terms of capital sources were closed by centralized crypto-exchanges. In addition, it turned out that about 9% of the capital is taken from crypto-credit organizations. From gambling, NFT accounts for only 0.3% of the capital, and the stolen funds were not noticed at all.

    Earlier, Nonfungible COO Gauthier Zuppinger found that almost 74% of NFTs purchased on OpenSea in Q3 could not be resold. This is because in most cases, after purchasing an NFT token, the new owner simply cannot get rid of the product.

    Disclaimer

    All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website.




    #OpenSeas #revenue #users #Chainalysis

    ChainAlysis OpenSeas Revenue users
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